In a recent interview I heard FLoyd talking about how Pacquiao has the worst contract in boxing blah blah blah. BUt what caught my attention was he said Pacman says he is going to make 20 million for a fight and in the end, he ends up with only about 6 million. I know Pacquiao has a lot of leaches around him and stuff but damn is there any truth to this???
no truth to it at all. Forbes magazine estimated that Pac took home 52million$ last year. Even if he paid all his leaches 200grand a year, which he doesn't, he's still have a shitload to take home
http://www.lvrj.com/sports/mosley-not-fighting-small-guy-121306484.html That was his GUARANTEE, but bob told the media $20 mil. Good luck.
Im never worried about pac going broke because he lives in the phillipines, even if eh retired today and ended up with 0 money he could still make a lot of money tyson style over there and live rich easily compared to others.
20 Million Purse: 27% to Uncle Bob = 14.6 Million 10% to Freddie Roach = 13.1 Million 10-15 % to Ariza, Koncz and the rest of his Management : 11.1 Millon Lets say another 5% for his Trainingexpenses, Sparringpartner, Camp, Flights, Catering, Entourage : 10.5 Million. And now the Taxes! We here in Germany pay 42% idk how the Taxes in the US are, but lets say 30% = 7.4 Million Dollar!! So at the end of the day, when all is said and done Manny takes home about 7 Million Dollar!
Yep!! That kind of money buy a hell of a lot of real estate and greases a lot of palms in the Phillipines. Still, $40M is better than $20M on any day and from any angle.:yep
I have no idea but even Pacquiao can probably count so I doubt he'd let that happen. Regardless, Pacquiao's hardly broke & even if he was, who gives a ****? I watch boxers because they're good or exciting not because I know they're rich or super-rich.
atsch Trainers / conditioners/ etc dont get 10% when boxers make multi million a fight what the hell is a trainer gonna get for 10 week camp a few million ?? a few hundred thousand more likely get in the real world !!!
Also Manny doesnt stay long enough in the states to pay high US tax , this is the reason he does most training in his country and why he has refused US citizenship
From the article that quotes the 6 mil "NOTES -- Pacquiao's purse will be $6 million and Mosley's $3.95 million, according to the Nevada Athletic Commission. That does not count both fighters' cut of the pay-per-view revenue. ..." That is 6 mil not including the PPV money. Add in the PPV numbers and clearly Manny's way over 6 mil. Floyd either knows something I don't or is lying...as ususal. Food for thought: 1 million PPV buys = 60 mil 50% to distributers SHO/CBS and PPV distributing license = 30 mil. Half to Arum leaves 15 mil 6 mil for live gate = 21 mil 65% of remaining to Manny = 13.65 Mil Total = 19.65 Mil (Kinda close to 20 mil wouldn't ya say)